Common use of ADJUSTED RENTAL Clause in Contracts

ADJUSTED RENTAL. After delivery of LESSOR's notice as provided in Articles 2, 6, 8 and 17, and determination of the amount of LESSEE's pro rata share of taxes, insurance, maintenance and other expenses due upon notice, if any, the monthly installment of rent then being paid by LESSEE shall be increased by 1/12th of the amount of LESSEE's pro rata share of LESSOR's reasonable estimate of the next billing amount The adjusted monthly rental as determined by the preceding sentence shall be paid by LESSEE until receipt by LESSEE of LESSOR's notice the next succeeding calendar year, If the term of this lease ends on other than the last day of a calendar year, LESSEE's pro rata share shown on the notice delivered after the end of the term shall be reduced proportionately and any payment due shall also be apportioned and paid as aforesaid.

Appears in 2 contracts

Samples: Industrial Lease Agreement (Circle Group Internet Inc), Industrial Lease Agreement (Circle Group Internet Inc)

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ADJUSTED RENTAL. After delivery of LESSOR's 'S notice as provided in Articles 2, 6, 8 and 17, and determination of the amount of LESSEE's 'S pro rata share of taxes, insurance, maintenance and other expenses due upon notice, if any, the monthly installment of rent then being paid by LESSEE shall be increased by 1/12th 1/12 of the amount of LESSEE's 'S pro rata share of LESSOR's 'S reasonable estimate of the next billing amount amount. The adjusted monthly rental as determined by the preceding sentence shall be paid by LESSEE until receipt by LESSEE of LESSOR's 'S notice the next succeeding calendar year, . If the term of this lease ends on other than the last day of a calendar year, LESSEE's 'S pro rata share shown on the notice delivered after the end of the term shall be reduced proportionately and any payment due shall also be apportioned and paid as aforesaid.

Appears in 1 contract

Samples: Industrial Lease Agreement (Circle Group Internet Inc)

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ADJUSTED RENTAL. After delivery of LESSOR's 'S notice as provided in Articles 2, 6, 8 and 17, and determination of the amount of LESSEE's 'S pro rata share of taxes, insurance, maintenance and other expenses due upon notice, if any, the monthly installment of rent then being paid by LESSEE shall be increased by 1/12th of the amount of LESSEE's 'S pro rata share of LESSOR's 'S reasonable estimate of the next billing amount amount. The adjusted monthly rental as determined by the preceding sentence shall be paid by LESSEE until receipt by LESSEE of LESSOR's 'S notice the next succeeding calendar year, . If the term of this lease ends on other than the last day of a calendar year, LESSEE's 'S pro rata share shown on the notice delivered after the end of the term shall be reduced proportionately and any payment due shall also be apportioned and paid as aforesaid.

Appears in 1 contract

Samples: Industrial Lease Agreement (Circle Group Internet Inc)

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